Sage Private Wealth Group LLC Raises Holdings in Comcast Corporation $CMCSA

Sage Private Wealth Group LLC raised its position in Comcast Corporation (NASDAQ:CMCSA) by 26.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,667 shares of the cable giant’s stock after purchasing an additional 3,907 shares during the period. Comcast accounts for approximately 0.4% of Sage Private Wealth Group LLC’s portfolio, making the stock its 28th biggest holding. Sage Private Wealth Group LLC’s holdings in Comcast were worth $666,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Inlight Wealth Management LLC acquired a new position in Comcast during the first quarter worth about $26,000. Cranbrook Wealth Management LLC raised its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.5%

Shares of CMCSA opened at $29.26 on Friday. The company’s 50-day moving average price is $32.27 and its 200 day moving average price is $33.74. Comcast Corporation has a 12-month low of $29.15 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $108.03 billion, a P/E ratio of 4.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is 21.82%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMCSA. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. The Goldman Sachs Group dropped their target price on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Bank of America reduced their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Royal Bank Of Canada started coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. Finally, Scotiabank restated a “sector perform” rating and set a $45.50 price objective (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.